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GREYSTONE LOGISTICS, INC.

For the period ended May 31, 2025. Filed Aug 29, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Aug 29, 2025

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Earnings Per Share

Note 2.EARNINGS PER SHARE

Basic and diluted earnings per share of common stock for the years ended May 31, are as follows:

Basic earnings per share of common stock:
May 31,May 31,
20252024
Numerator -
Net income attributable to common stockholders$1,922,297$4,440,265
Denominator -
Weighted-average shares outstanding - basic28,063,54528,279,701
Income per share of common stock - basic$0.07$0.16
Diluted earnings per share of common stock:
Numerator -
Net income attributable to common stockholders$1,922,297$4,440,265
Denominator -
Weighted-average shares outstanding - basic28,063,54528,279,701
Incremental shares from assumed conversion of options warrants and preferred stock, as appropriate495,815495,283
Weighted average common stock outstanding - diluted28,559,36028,774,984
Income per share of common stock - diluted$0.07$0.15

Greystone's Series 2003 preferred stock, which is convertible into 3,333,333 shares of common stock, was not included in the computation of diluted earnings per share for the fiscal year 2024 as the effect would have been antidilutive. As of May 31, 2025, all preferred stock had been retired and was therefore not included in the computation.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.